Multistate Professional Responsibility Exam Practice Question
Attorney Johnson is representing a client in negotiating a merger with a company in which Attorney Johnson owns a significant number of shares. What should Attorney Johnson do to comply with professional responsibility standards?
Consider terminating the representation to address the conflict of interest.
Continue representing the client while holding shares in the merging company.
Inform the client about his financial interest in the merging company and determine how to proceed with the representation.
Disclose the financial interest once its necessary.
Attorney Johnson should inform his client about his financial interest in the merging company and decide on the appropriate steps to continue the representation. This approach ensures transparency and allows the client to make an informed decision, aligning with ethical standards that prioritize the client's interests and the lawyer's duty of loyalty.
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